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CHINA PRESS: China Aims For More Proactive Fiscal Policy

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

China’s plans for a more proactive fiscal policy will drive an increase in government bond issuance, quicker allocation of fiscal funds and structural changes to improve public welfare and boost consumption, the state-run Xinhua News Agency reported, citing Liu Rihong, an official at the State Council Research Office. Authorities can reduce household hesitation to consume through increased investment in public services and improving the supply of entertainment, sports, elderly and child care services, Li added.

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China’s plans for a more proactive fiscal policy will drive an increase in government bond issuance, quicker allocation of fiscal funds and structural changes to improve public welfare and boost consumption, the state-run Xinhua News Agency reported, citing Liu Rihong, an official at the State Council Research Office. Authorities can reduce household hesitation to consume through increased investment in public services and improving the supply of entertainment, sports, elderly and child care services, Li added.